$40,000 sounds a bit extreme. There is one point in there though that isn't well explained - with the likes of BHP etc deciding that it is cheaper to buy existing mines rather than developing new copper mines - doing that doesn't actually increase supply - the amount of copper being produced remains the same.
Copper Price thread, page-26
Add AUQ (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
3.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $26.56M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 299966 | 3.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.0¢ | 70000 | 1 |
View Market Depth
| Last trade - 16.12pm 14/10/2024 (20 minute delay) ? |
| AUQ (ASX) Chart |
Day chart unavailable